From today's point of view, the Dow rose for 5 consecutive days, and the Nasdaq weakened.
As of 12 noon:
Tesla rose 6.6% and traded at 86 times earnings;
amzn rose 3.6%, with a price-earnings ratio of 52 times;
Google rose 1.7%, with a price-earnings ratio of 19;
msft rose 0.9% and traded at a price-to-earnings ratio of 27;
Apple shares rose 1.5% to trade at 22 times earnings.
Interestingly, stocks with high valuations rose faster, while stocks with low valuations rose more slowly. From a technical point of view, googl, msft, and aapl are more technical.
This is actually the opposite of what the stock market wants to do, the opposite of value investing. I think this exposes the conspiracy of false traps again. Because everyone just wants to hype tsla and amzn. Real players and long-term buyers institutional investors believe now is not the time to buy.
We must always understand that the main investors in the market are still institutional investors, accounting for more than 80%. These institutional investors have a professional analysis team, so they must have a thorough understanding of the market.
They're not going to give up on companies with lower valuations and stronger technology, but as things stand, they're clearly not going to buy in bulk. Institutions believe that the future market is bearish.
What do you think?
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